Examlex
Which is a list of key terms and ideas that you need to remember?
Compounded Semi-Annually
The process of adding interest to the principal sum twice a year, where interest earns more interest in subsequent periods.
Compounded Quarterly
Interest is calculated four times a year on the initial principal and the added interest from previous periods.
20 Years
A period or duration of two decades.
Compounded Monthly
A term referring to the calculation of interest on the initial principal and also on the accumulated interest from previous periods, computed each month.
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